Sainsbury same-store Dec sales up 2.8%

EmilyChurch

Sainsbury
SBRY, -1.20%
the number two UK supermarket, on Monday said for the 12 weeks to Jan. 4 total sales rose 4 percent and like-for-like (sales at stores open at least a year) rose 2.8 percent, or 1 percent excluding petrol sales. "We remain confident that we are making real progress across the group to achieve our targets on sales and profit margins. Our comprehensive infrastructure programme is on track, and we are achieving our planned cost savings," the company said.

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